Here's Why These Gold Stocks Gained As Much As 20.3% in August
August was a pretty good month for gold stocks. Shares of several leading companies enjoyed double-digit gains last month after each reported solid second-quarter 2017 earnings, including IAMGold (NYSE: IAG), Franco-Nevada (NYSE: FNV), Randgold Resources (NASDAQ: GOLD), and Kinross Gold (NYSE: KGC).
Each company reaffirmed full-year 2017 guidance on production, financials, or both, and each used words such as "strong" or "solid" to describe their performance. Those are certainly accurate adjectives. After last month's impressive gains, all of the gold stocks I mentioned are now up at least 40% in 2017.
Image source: Getty Images.
Source: Fool.com
IAMGOLD Corp. Stock
€4.54
2.110%
We see a rather positive sentiment for IAMGOLD Corp. with 7 Buy predictions and 1 Sell predictions.
On the other hand, the target price of 4 € is below the current price of 4.54 € for IAMGOLD Corp., so the potential is actually -11.97%.
